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The firm’s assets under management dropped to $1.6bn, as a capital return more than offset new inflows. -
Head of alternatives Gareth Abley believes the asset class remains attractive following a 16% return in 2023.
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He was executive managing director in Aon’s wholesale treaty team.
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All funds tracked returned a positive performance.
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Exposure updates played a greater role than expected.
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Insured losses from the Christmas storms reached $968mn.
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The cover will include the 50 US states, District of Columbia and Canada.
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The vehicle’s loss ratio improved 66 percentage points YoY.
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The firm was founded in 2015 to help clients raise capital.
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The Lloyd’s legacy business has been placed up for sale, along with other units.
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The approval takes account of several out-of-court settlements.
